India's GDP may grow at 7.4% in 2021-22, best among G20 nations: RBI Governor
Reserve Bank of India Governor Shaktikanta Das addressed the media amid the ongoing coronavirus crisis the country is going through.
Apr 17, 2020, 10:30 AM IST
Big announcements by RBI Governor, so that public doesn't faces inconvenience during lockdown
During Lockdown in India, Shaktikanta Das, Governor of Reserve Bank of India (RBI), made all types of loans affordable to the public. He announced of reduction in repo rate which will reduce your EMI. Along with this, relief was also announced in giving EMI for three months.
Mar 27, 2020, 13:00 PM IST
COVID-19: Key policy decisions taken by RBI to combat coronavirus pandemic
Here are some of the key policy decisions taken by RBI on Friday.
Mar 27, 2020, 12:23 PM IST
RBI Governor announces amid Coronavirus outbreak, 'Deduction in interest rates by 75 bps'
Reserve Bank of India (RBI) Governor Shaktikanta Das has cut interest rates by 75 basis points to 4.4% today. He also announced several measures to add 3.74 lakh crore liquidity to the system.
Mar 27, 2020, 12:18 PM IST
RBI cuts repo rate cut by 75 bps to 4.4%, CRR by 100 bps to 3%: Full statement
Calling the coronavirus COVID-19 pandemic an ''unprecedented threat and invisible assassin'', the Reserve Bank of India (RBI) on Friday (March 27, 2020) cut the Repo Rate by 75 basis points to 4.4 per cent and slashed Reverse Repo Rate by 90 basis points to 4 per cent as part of measures to ease the pain on banks and industries which are suffering from the 21-day lockdown.
Mar 27, 2020, 12:11 PM IST
Coronavirus COVID-19 crisis: Indian banking sector safe and sound, don’t resort to panic withdrawal from private banks: RBI
"The Indian banking sector is safe & sound. Depositors of commercial banks including private banks need not worry on the safety of their funds,’’ RBI Governor Shaktikanta Das said.
Mar 27, 2020, 11:19 AM IST
Coronavirus COVID-19 pandemic: RBI Governor Shaktikanta Das to address media today
The RBI, which indicated that it was willing to act in coordination with the government to fight the COVID-19 impact on the economy, could announce a few measures to ease the pain on banks and industries which are suffering from the lock down.
Mar 27, 2020, 09:18 AM IST
Budget 2020 has created eco-system to revive demand and consumption, says RBI Governor Shaktikanta Das
Das said the RBI saw an imminent slowdown in growth early in 2019 and used the space that was opened up by the moderation in inflation to cut interest rates on five consecutive occasions.
Feb 17, 2020, 20:04 PM IST
Budget 2020: RBI Governor stresses on the need for more structural reforms to revive growth
Reserve Bank Governor Shaktikanta Das also listed out some of the priority areas where structural reforms are necessary and if carried out in earnest can act as potential growth drivers and through backward and forward linkages can give significant push to growth.
Jan 24, 2020, 19:55 PM IST
RBI focus on financial stability regulations framework: Governor Shaktikanta Das
Das said in his remarks at the Third Suresh Tendulkar Memorial Lecture, hosted by the central bank.
Jan 08, 2020, 20:23 PM IST
RBI launches Mobile Aided Note Identifier App to help visually challenged persons
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday (January 1, 2020) launched a mobile application MANI (Mobile Aided Note Identifier) to aid visually challenged persons in identifying denomination of currency notes. The app can be freely downloaded from Android Play Store and iOS App Store.
Jan 01, 2020, 16:53 PM IST
RBI's fourth bi-monthly monetary policy statement (2019-20): Here's the full text
The reverse repo rate under liquidity adjustment facility stands reduced to 4.9 per cent, and the marginal standing facility (MSF) rate and the bank rate to 5.4 per cent.
Oct 04, 2019, 13:14 PM IST
RBI cuts repo rate by 25 basis points, revises GDP growth downwards to 6.1% in 2019-20
The Reserve Bank of India (RBI) on Friday cut repo rate by 25 basis points, from 5.40% to 5.15% in yet another move to boost the national economy.
Oct 04, 2019, 12:00 PM IST
RBI credit policy: Central bank may announce further rate cut to boost economy
According to experts, the central bank is likely to announce the rate cut to complement the government's measures like reducing corporate tax and promoting credit offtake to boost economic activity during the festive season amid a slowdown.
Oct 04, 2019, 07:51 AM IST
What caused RBI to shift from convention on rate cut
RBI Governor Shaktikanta Das, according to the minutes of the meeting released on Wednesday, said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps will be inadequate.
Aug 22, 2019, 11:12 AM IST
Risk burning monetary policy room by 35 bps cut: MPC member
At its last bi-monthly monetary policy review meeting here earlier this month, the Reserve Bank of India's (RBI) MPC voted by a 4:2 margin to cut its repo, or short-term lending rate for commercial banks, by an unprecedented 35 bps to 5.40 per cent.
Aug 22, 2019, 11:06 AM IST
Amid slowdown, RBI Governor hints at softer approach on rates
In his inaugural address at the Indian Banks' Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor also said the real test for public sector banks (PSBs) is their ability to tap the capital market to raise funds.
Aug 19, 2019, 16:03 PM IST
RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%
In the MPC’s June resolution, real GDP growth for 2019-20 was projected at 7.0 percent – in the range of 6.4-6.7 percent for H1:2019-20 and 7.2-7.5 percent for H2 – with risks evenly balanced.
Aug 07, 2019, 12:16 PM IST
RBI cuts repo rate by 35 basis points in third bi-monthly monetary policy
The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers. This is RBI's second monetary policy after Modi 2.0 took charge in May.
Aug 07, 2019, 11:49 AM IST
Bank lending to non-bank firms set to gather pace: Shaktikanta Das
The central bank was closely monitoring and scrutinising the top 50 NBFCs, and had a good understanding of what were the numbers and cash flows of these firms, Das was quoted as saying.
Jul 26, 2019, 11:13 AM IST
